$1,100,000
$1,198,000
8.2%For more information regarding the value of a property, please contact us for a free consultation.
8449 Palmetto AVE Fontana, CA 92335
0.97 Acres Lot
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR24002019
Sold Date 04/02/24
HOA Y/N No
Year Built 1926
Lot Size 0.966 Acres
Property Sub-Type Quadruplex
Property Description
Prime Investment Opportunity With 4 Individual Houses On A HUGE (42,094 sq.ft.) Lot Ideal For Multifamily Development. Very attractive unit mx comprised of a Front House which is 4 Bedroom + 2 Baths, Two (2) 2 Bedroom + 1 Bath Houses, and One 1 Bed + 1 Bath House. Situated on Palmetto Ave in between Arrow and Foothill Blvd the asset is perfectly located next to Fontana Middle School and Pacific Electric Trail, it is walking distance to Fontana Library and Technology Center, Miller Park, Fontana City Hall, and everything the city of Fontana has to offer.
This Asset is a wonderful opportunity for the right investor who wants a value add property with the opportunity for future multifamily development.
Location
State CA
County San Bernardino
Area 264 - Fontana
Zoning RMH
Interior
Heating See Remarks
Fireplace No
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Biking, Curbs, Park, Street Lights, Suburban, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Total Parking Spaces 1
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level One,Two
Sewer Public Sewer
Water Public
Level or Stories One, Two
New Construction No
Others
Senior Community No
Tax ID 0192121200000
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Fannie Mae, Submit
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Fannie Mae, Submit
Financing Conventional
Special Listing Condition Standard
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Bought with Judith Liu RE/MAX CHAMPIONS
